Bitpush's Weekly Web3 News Highlights:
[Spot Ethereum ETF has been fully approved by the US SEC , and trading will start on Tuesday]
Bloomberg ETF analyst Eric Balchunas said on the X platform that the approval of the spot Ethereum ETF has taken effect at the U.S. Securities and Exchange Commission (SEC), and the 424(b) forms are being submitted in succession. This is the last step, and all systems will be launched at 9:30 a.m. on Tuesday (9:30 p.m. Beijing time tonight).
Products from BlackRock , VanEck and six other firms are set to begin trading on Tuesday morning on three different exchanges: the Chicago Board Options Exchange (CBOE), Nasdaq and the New York Stock Exchange, which all confirmed they were ready to begin trading.
[ 21Shares submits spot Solana ETF S-1 filing to the US SEC]
According to The Block, following VanEck, 21Shares submitted the spot Solana ETF S-1 document to the US SEC, becoming the second company to apply to launch a Solana ETF in the United States.
Like VanEck, the 21Shares Core Solana ETF will also trade on the Cboe BZX exchange. According to the company’s S-1 filing, redemptions will be made in-kind (i.e., in SOL instead of cash), consistent with other “exchange-traded products for spot market commodities other than SOL.”
[Poll data: Harris leads Trump with 44% support among registered voters, compared to 42% for Trump]
The Reuters/Ipsos poll showed Democratic presidential candidate Harris leading Republican candidate Trump among registered voters with 44% support to 42%, within the 3 percentage point margin of error.
The poll showed that 56% of registered voters believed Harris was "clear-headed"; while 49% believed Trump was performing well.
[U.S. Senator Lummis may announce BTC strategic reserve legislation at the Bitcoin Conference]
According to FOX Business, three crypto industry executives familiar with the bill said that Republican Senator Cynthia Lummis of Wyoming, who supports cryptocurrency, is planning to announce BTC strategic reserve legislation at the Bitcoin Conference. Although the specific content of the bill is still unclear, according to a person who has seen the first draft, the purpose of the bill is to instruct the Federal Reserve to purchase Bitcoin and hold it as a reserve asset, just as the U.S. central bank holds gold and foreign currency, to help manage the U.S. monetary system and keep the value of the dollar stable.
As of press time, Lummis’ plans remain uncertain and the announcement could be delayed. But people who have had direct contact with some of Lummis’ staff said she hopes to announce her bill during Saturday’s session, and her staff is hopeful Trump will support the bill and the ideas behind it.
Lummis has been hinting at a big announcement on her X account this week, writing: "Big things coming up this week, stay tuned".
[Source: Coinbase Asset Management plans to launch tokenized money market fund]
Coinbase Asset Management is creating a tokenized money market fund to enter one of the hot financial sectors driven by cryptocurrency, Coindesk reported, citing people familiar with the matter.
In December, the company received in-principle approval from Abu Dhabi regulators to begin tokenizing traditional assets on the exchange’s ethereum scaling network, Base .
Coinbase Asset Management has been working with Bermuda-based Apex Group to help it promote tokenized funds, two people familiar with the matter said. Apex provides services such as custody, management, depository and administration of funds with more than $3 trillion in assets.
[Trump campaign has raised more than $4 million through cryptocurrencies such as Bitcoin ]
According to CNBC, former US President Donald Trump’s campaign aides revealed that Trump, as the Republican presidential candidate, has raised more than $4 million from various digital tokens.
According to a Federal Election Commission filing, donors gave bitcoin, ethereum, Ripple ’s XRP token, the stablecoin USDC , and various meme coins.
The documents show that at least 19 donors gave more than $2.15 million in bitcoin to the committee. Crypto billionaire twin brothers Tyler and Cameron Winklevoss led the donations, each donating 15.57 bitcoins, or just over $1 million at the time of the donation. Because their donation exceeded the $844,600 limit, the documents show that some of the funds were returned. Mike Belshe , CEO of digital asset security company BitGo, donated $50,000 in bitcoin.
[US SEC approves Grayscale Bitcoin Mini Trust’s 19b-4 Form]
The U.S. Securities and Exchange Commission approved the Grayscale Bitcoin Mini Trust on Form 19b-4 on Friday. The trust, which has the ticker symbol “BTC” and is intended to be a “spin-off” of GBTC, still needs its S-1 registration statement to become effective before trading, according to its S-1 filing released in March.
The spokesperson said: "Grayscale is awaiting the effectiveness of the Form S-1 registration statement for BTC. The approval and effectiveness of the registration statement will allow BTC to operate as a US spot Bitcoin ETP alongside GBTC and others. The Grayscale team will share more information on the listing date of the Grayscale Bitcoin Mini Trust on NYSE Arca as soon as possible."
[ Michael Saylor : Bitcoin will reach $13 million by 2045, and may reach $49 million in a bull market]
MicroStrategy founder Michael Saylor said in a speech at the Bitcoin Conference that as adoption grows, Bitcoin's characteristics as digital capital could push the price of each Bitcoin to over $13 million by 2045.
He said: "By 2045, the price of Bitcoin will reach $13 million per coin. In a bear market scenario, the price of Bitcoin may be $3 million. But in a bull market scenario, the price of Bitcoin may reach $49 million."
Saylor often points to MicroStrategy’s stock price as evidence of its success. So far this year, the company’s shares have risen 155% to around $1,750, reaching a high of $1,919 in March. “As of August 10th of this year, we will have been on this path for 48 months,” he said. “A lot of companies are trying to imitate chip maker Nvidia, but interestingly, it’s easier to imitate MicroStrategy. I’ve given you the playbook.”
Author: BitpushNews katielin
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